Greenlane Provides Digital Asset Treasury Update: Completes Deployment of Approximately 50 Million Units of BERA

Rhea-AI Summary

Greenlane (Nasdaq: GNLN) reports it held approximately 70.4 million units of BERA as of February 27, 2026, and has deployed roughly 50 million units into validator infrastructure across multiple operators.

The company acquired about 9 million BERA between Dec 4, 2025 and Feb 27, 2026 at prices of ~$0.40–$0.93, targets staking via PoL with a publicly reported annualized rate of ~25%, and appointed Jason Hitchcock as CEO on Feb 18, 2026 to advance its Digital Asset Treasury strategy.

Positive

• Total BERA holdings of approximately 70.4 million as of Feb 27, 2026
• Deployed approximately 50 million BERA into validator infrastructure
• Acquired ~9 million BERA between Dec 4, 2025 and Feb 27, 2026 at $0.40–$0.93
• Publicly reported annualized PoL staking rate of approximately 25%

Negative

• None.

News Market Reaction – GNLN

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1 alert

% News Effect

$5M Market Cap

1K Volume

On the day this news was published, GNLN declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

BERA holdings: 70.4 million units BERA deployed to validators: 50 million units BERA purchases: 9 million units +5 more

8 metrics

BERA holdings 70.4 million units Total BERA units held as of Feb 27, 2026

BERA deployed to validators 50 million units Deployed into validator infrastructure as of Feb 27, 2026

BERA purchases 9 million units Acquired between Dec 4, 2025 and Feb 27, 2026

BERA purchase price range $0.40–$0.93 per unit Prices paid for BERA units in recent acquisitions

Initial validator allocation 20 million units BERA across two independently operated validators (announced Jan 20, 2026)

Infrared partnership allocation 30 million units BERA to be deployed via Infrared Finance (announced Jan 26, 2026)

PoL staking rate 25% annualized Publicly reported PoL staking rate on Berachain as of Feb 27, 2026

Capital raised by Berachain $150 million Amount Berachain reports raising from digital asset investors

Market Reality Check

Price: $0.6600 Vol: Volume 40,822 vs 20-day a...

low vol

$0.6600 Last Close

Volume Volume 40,822 vs 20-day average 1,289,447 (relative volume 0.03x) indicates subdued trading ahead of this update. low

Technical Shares at $0.66 are trading below the 200-day MA of $3.30 and sit near the 52-week low of $0.60.

Peers on Argus

GNLN fell 4.75% while tobacco/related peers were mixed: KAVL -15.02%, XXII -3.76...

GNLN fell 4.75% while tobacco/related peers were mixed: KAVL -15.02%, XXII -3.76%, TPB -1.06%, UVV +1.02%, ISPR flat. Moves do not clearly cluster as a sector trend.

Historical Context

5 past events · Latest: Feb 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 18	CEO appointment	Positive	+1.6%	New CEO appointed to lead Berachain-focused Digital Asset Treasury strategy.
Jan 29	Ecosystem update	Positive	-1.3%	Berachain adds Ethena USDe as collateral for HONEY stablecoin, expanding liquidity.
Jan 26	Validator deployment	Positive	-9.6%	Plan to deploy up to 30M BERA via Infrared, bringing validators to 50M BERA.
Jan 20	Validator deployment	Positive	+3.4%	Announcement to deploy ~20M BERA into two independent Berachain validators.
Dec 15	Governance & financing	Neutral	-8.8%	Annual meeting results, new chairman, equity plan increase and financing approvals.

Pattern Detected

News tied to Berachain/DAT operations has produced mixed reactions, with some validator and ecosystem updates followed by notable selloffs and others by modest gains.

Recent Company History

Over the past few months, Greenlane has steadily pivoted toward a Berachain-focused Digital Asset Treasury strategy, with multiple updates on BERA validator deployments and ecosystem developments. On Jan 20, 2026 and Jan 26, 2026, it outlined plans to deploy up to 50 million BERA into validators, followed by a CEO transition on Feb 18, 2026 to advance DAT efforts. Earlier, governance and financing moves in Dec 2025 reshaped the board and capital structure. Today’s comprehensive BERA holdings and deployment update builds directly on those prior steps.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-11-21

An effective S-3 shelf dated Nov 21, 2025 registers 33,886,832 common shares for resale by existing holders, including PIPE and warrant shares. Greenlane itself does not receive primary proceeds except potential warrant exercise cash. A 424B5 filing on Jan 7, 2026 shows the shelf has been used to support an at-the-market equity program, indicating ongoing resale and issuance capacity.

Market Pulse Summary

This announcement details Greenlane’s Berachain-focused Digital Asset Treasury, with total holdings ...

Analysis

This announcement details Greenlane’s Berachain-focused Digital Asset Treasury, with total holdings of 70.4 million BERA units and deployment of 50 million into validator infrastructure as of Feb 27, 2026. It also highlights a publicly reported PoL staking rate of about 25% and a new CEO tasked with advancing this strategy. In context of prior validator and governance moves, investors may track BERA concentration, use of the ATM program, and ongoing regulatory disclosures around digital assets.

Key Terms

proof of liquidity, staking, validator, governance token, +3 more

7 terms

proof of liquidity technical

"Berachain (BERA) is the first blockchain powered by Proof of Liquidity"

Proof of liquidity is documentation or evidence showing that an entity has enough readily available cash or assets that can be quickly converted to cash to meet short-term obligations or to support trading activity. For investors, it matters because it reduces the risk that the company, fund, or market will run out of cash, default on payments, or face sudden price swings; think of it as a bank statement proving there’s money in the checking account before making a big purchase.

staking technical

"The Company engages in network staking, validator participation, liquidity provisioning"

Staking is the practice of locking up digital tokens to help run a blockchain network in return for rewards, similar to leaving money in a time deposit that pays interest while it’s unavailable. It matters to investors because staking can generate regular income and affect a token’s circulating supply and price, but it also ties up assets and can carry risks like lock-up periods, reduced liquidity, or technical and platform failures.

validator technical

"20 million units of BERA across two independently operated validators"

A validator is a person or system that checks and confirms the accuracy and legitimacy of information, transactions, or data before they are accepted and recorded. In the context of digital assets or currencies, validators ensure that transactions follow the rules and are genuine, helping maintain trust and security in the system. For investors, validators are important because they help prevent errors or fraud, ensuring the integrity of the financial network.

governance token technical

"earn BGT, a non-transferable governance token"

A governance token is a digital asset that gives holders the right to vote on decisions affecting a decentralized project's rules, budget, upgrades, or partnerships — like a shareholder ballot but for software protocols and online platforms. Investors care because those votes can change how a project earns or distributes value, alters token supply or fees, and shapes long-term strategy; owning more tokens increases influence but also ties value to governance outcomes and related risks.

stablecoin financial

"HONEY (native stablecoin)—designed to support sustainable on-chain economies"

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

decentralized finance financial

"liquidity to decentralized finance applications and stake receipt tokens"

Decentralized finance, often called DeFi, is a way of using digital technology to offer financial services like lending, borrowing, and trading without relying on traditional banks or institutions. It operates on open networks where anyone can participate, much like a digital marketplace that runs on shared computer systems. For investors, DeFi provides more direct control over their assets and access to financial activities outside conventional systems.

liquidity provisioning financial

"staking and liquidity provisioning. “Since joining Greenlane, my immediate focus"

Liquidity provisioning is the act of making it easy for buyers and sellers to complete trades by keeping assets available to buy or sell quickly, often through market makers or trading programs. It matters to investors because it reduces big price swings and lowers the cost and time to execute trades—think of it as stores keeping popular items on the shelf so customers don’t have to wait or drive up the price.

AI-generated analysis. Not financial advice.

Total holdings of approximately 70.4 million units of BERA as of February 27, 2026

Up to 50 million units of BERA deployed into validator infrastructure across multiple operators

Jason Hitchcock appointed Chief Executive Officer to advance DAT strategy

BOCA RATON, Fla., March 03, 2026 (GLOBE NEWSWIRE) -- Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq: GNLN), a company with a Berachain-focused Digital Asset Treasury (“DAT”), is providing an update on its holdings of units of BERA and deployment activity.

Digital Asset Treasury Holdings Update

As of February 27, 2026, the Company held approximately 70.4 million units of BERA¹. Since the Company’s last treasury update on December 8, 2025, the following developments have occurred:

BERA Purchases: Between December 4, 2025 and February 27, 2026, the Company acquired approximately 9 million units of BERA at prices ranging from approximately $0.40 to $0.93 per unit of BERA.

Validator Deployment: In January 2026, the Company announced plans to deploy up to 50 million units of BERA into validator infrastructure on the Berachain network comprising approximately 20 million units of BERA across two independently operated validators (announced January 20, 2026) and up to 30 million units of BERA through a partnership with Infrared Finance (announced January 26, 2026). Validator deployment has been structured across multiple operators and is intended to align with Berachain’s protocol-level decentralization constraints. As of February 27, 2026, the Company had deployed approximately 50 million units of BERA into validator infrastructure.

Staking Activity: The Company has sought to stake substantially all of its liquid on-chain holdings of BERA, including units held directly or managed pursuant to structured agreements, through Proof of Liquidity (“PoL”) staking and validator participation. As of February 27, 2026, the publicly reported annualized PoL staking rate on the Berachain network was approximately 25%², subject to prevailing network conditions³.

Leadership Update

On February 18, 2026, the Company announced the appointment of Jason Hitchcock as Chief Executive Officer. Mr. Hitchcock is a technology executive with over 15 years of experience building and scaling revenue engines across SaaS, blockchain infrastructure, and decentralized finance. He most recently served as Head of Business Development at thirdweb. His mandate is expected to include overseeing corporate strategy, capital allocation, and the continued development of the Company’s DAT initiatives, including seeking to deepen participation within the Berachain ecosystem across validator infrastructure, staking, and liquidity provisioning.

“Since joining Greenlane, my immediate focus has been on the disciplined execution of our Digital Asset Treasury strategy. We have continued to deploy units of BERA into validator infrastructure across the Berachain ecosystem and remain focused on transparent reporting and prudent capital allocation as we seek to build long-term value for shareholders,” said Jason Hitchcock, Chief Executive Officer.

About Greenlane

Greenlane is a global platform for the development and distribution of premium lifestyle accessories and consumer products through a broad network of specialty and convenience retailers and direct-to-consumer channels. Alongside its operating business, in October 2025, the Company initiated a Berachain-focused digital asset treasury strategy dedicated to acquiring BERA and increasing BERA-per-share through treasury management. The Company is a Berachain ecosystem participant focused on supporting the development and operation of blockchain-based infrastructure, including assets and applications built on Berachain. The Company engages in network staking, validator participation, liquidity provisioning, and strategic initiatives intended to contribute to the long-term sustainability of decentralized protocols within its portfolio.

About Berachain

Berachain (BERA) is the first blockchain powered by Proof of Liquidity, an extension of Proof of Stake that aligns network security with ecosystem liquidity. Rather than locking tokens in isolation, Berachain’s PoL mechanism incentivizes users to provide liquidity to decentralized finance applications and stake receipt tokens in Reward Vaults to earn BGT, a non-transferable governance token. Validators direct BGT emissions to Reward Vaults based on protocol incentives, creating a market-driven flywheel that rewards liquidity providers, validators, and stakers in concert. The network operates with three native tokens—BERA (gas and staking), BGT (governance and rewards), and HONEY (native stablecoin)—designed to support sustainable on-chain economies. Berachain reports that it has raised $150 million from leading digital asset investors including Brevan Howard, Framework Ventures, Polychain Capital, Samsung Next, Laser Digital by Nomura, Goldentree Asset Management, SBI VC Trade and more.

Investor Contact:
IR@greenlane.com

or
PCG Advisory
Kevin McGrath
+1-646-418-7002

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are statements other than historical facts and include, without limitation, statements regarding progress and achievement of the Company’s goals regarding BERA acquisition, staking, and validator participation, the development of the Berachain network ecosystem including business adoption of the network, the long-term value of BERA, continued growth and advancement of the Company’s DAT strategy and the applicable benefits to the Company, and other projections or statements of plans and objectives.

These forward-looking statements are based on current expectations, estimates, assumptions, and projections, and involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control, that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements. Important factors that may affect actual results include, among others, the Company’s ability to execute its growth strategy; its ability to raise and deploy capital effectively; developments in technology and the competitive landscape; changes in the regulatory landscape applicable to digital assets, including BERA; the market performance of BERA; and other risks and uncertainties described under “Risk Factors” in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Cautionary Note Regarding Digital Assets

BERA is a digital asset that is not legal tender, is not backed by any government or central bank, and may be subject to extreme price volatility, regulatory uncertainty and technological risk. Investments in and exposures to digital assets such as BERA are highly speculative and may result in the loss of all or a substantial portion of the invested capital. Statements about the Berachain protocol, its consensus model, ecosystem projects, and fundraising are based on publicly available information and/or information provided by third parties. The Company has not independently verified all such information and makes no representation as to its accuracy or completeness. Protocol parameters and incentive mechanisms may change over time through governance or other processes. The Company’s activities involving BERA and other digital assets may not be suitable for all investors and are subject to the risks described in the “Risk Factors” in the Company's Annual Report on Form 10-K filed with the SEC on March 21, 2025, Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed with the SEC on November 14, 2025 and in other subsequent filings with the SEC. These filings are available at www.sec.gov.

¹ Total BERA holding as of February 27, 2026 is comprised of (i) initial BERA holding of 54.2 million units of BERA, per Greenlane press release dated October 24, 2025, (ii) cumulative open-market purchases of 14.9 million units of BERA, (iii) BERA earned from staking and validator participation, and (iv) BERA acquired through structured token trading agreements.

² Annualized protocol rate calculated using weekly data. “Return” refers to protocol rewards measured in BERA units. A quoted rate of return is a point-in-time protocol figure. Reward and return metrics can fluctuate rapidly, and should not be viewed as indicative of future results or as any guarantee of future performance. The current and historical annualized rates of return may be viewed at any point on https://hub.berachain.com/stake/

³ Prevailing network conditions include, but may not be limited to, protocol parameter changes, reward schedule adjustments, validator set changes and market volatility.

FAQ

How many BERA tokens does Greenlane (GNLN) hold as of Feb 27, 2026?

Greenlane holds approximately 70.4 million units of BERA as of Feb 27, 2026. According to the company, this total reflects purchases and on-chain holdings since the treasury strategy began in October 2025.

How much BERA has Greenlane (GNLN) deployed into validators and when?

Greenlane has deployed approximately 50 million units of BERA into validator infrastructure as of Feb 27, 2026. According to the company, deployment occurred across multiple operators announced in January 2026 to align with protocol decentralization.

What were the purchase details for Greenlane's recent BERA acquisitions (GNLN)?

Between Dec 4, 2025 and Feb 27, 2026, Greenlane acquired about 9 million BERA at prices ranging ~$0.40–$0.93 per unit. According to the company, these purchases increased on-chain holdings for its Digital Asset Treasury.

What staking yield does Greenlane expect from BERA holdings (GNLN)?

The publicly reported annualized PoL staking rate on Berachain was approximately 25% as of Feb 27, 2026. According to the company, actual returns will vary with prevailing network conditions and protocol incentives.

What is Jason Hitchcock’s role and start date as CEO of Greenlane (GNLN)?

Jason Hitchcock was appointed Chief Executive Officer on Feb 18, 2026 to lead the Digital Asset Treasury strategy. According to the company, his mandate includes corporate strategy, capital allocation, and DAT development.

How does Greenlane (GNLN) plan to participate in the Berachain ecosystem after deployments?

Greenlane intends to engage in validator participation, PoL staking, and liquidity provisioning to support protocol sustainability. According to the company, deployments and staking are structured to align with Berachain decentralization constraints.